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a quant who started as a technical trader explained what changed everything for him he stopped trying to predict where price goes he started measuring the probability of each market state and betting only when the math was asymmetric that shift took him from drawing trendlines to writing models...

110,791 次观看 • 7 天前 •via X (Twitter)

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a quant at a prop firm showed me a 5x5 grid on a napkin said: > this is our entire edge. we don't predict price. we predict which box the market is in and where that box historically leads i didn't understand it for weeks. then it clicked never looked at a chart the same way since grid is called a Markov Chain transition matrix. the math is from 1906, it's in every probability textbook on earth and hedge funds use it because it asks a completely different question than retail traders ever ask retail: will this go up or down quant: what state is this market in, and where does this state typically go every market lives in one of maybe 5-6 states at any given moment tight range, volatility compression, trending with momentum, post-spike reversal, pre-breakout coil not random labels - clusters you identify from actual data using volatility, volume, and momentum readings stacked together once you have the states, you build the matrix: P(state 2 -> state 4) = 73% P(state 4 -> state 1) = 61% P(state 1 -> state 3) = 68% each cell is a historical probability. now when the market is in state 2, you're not guessing you're betting on 73% historical completion. you size it with Kelly. you take the trade when the math says to, not when it feels right i built this on BTC using 2 years of 4-hour data. identified 5 states one i labeled "volatility compression below 20-day mean for 6+ consecutive candles" transitioned to a directional move above 1.8 ATR in 71% of cases average reward/risk on those trades: 5.4 that's not prediction. that's reading a probability table the market keeps filling in for you every single day the part that should bother you: the data to build this is free. the framework is in any quant textbook python to implement it is maybe 200 lines what Renaissance Technologies has that you don't isn't secret data or proprietary signals it's this framework applied to higher-resolution data with more sophisticated state definitions you're not missing information you're asking the wrong question every single time you open a chart

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187,776 次观看 • 1 个月前

Kevin O'Leary reveals the cruelest sentence of his life was the one that saved it. Kevin O'Leary said he has always wanted to be a photographer. He was already working as a cameraman, ready to bet his life on a lens. His stepfather sat him down and said: "I'm sorry, but you're just not good enough. You don't have what it takes to survive against the level of quality that's out there." Kevin calls it the harshest sentence anyone ever delivered to him. He also calls it the most important one. He went back to school. Got a business degree. Started a production company called Special Event Television out of spite — but he didn't put himself behind the camera. He hired a real cameraman. He learned to edit. He sold the company. That was his first deal. The thing he took from that day became his operating system: knowing what you're bad at matters more than knowing what you're good at. Logistics bore him, so he gives up equity to anyone who can do it. He stays in marketing because that's the only seat where he compounds. Then he stopped pretending. The cruelest sentence of his life was the one that saved it. P.S. Pull the thread on any story like this and you'll find the hidden incentive at the other end. As Munger said: "Show me the incentive and I'll show you the outcome." So I wrote a short book on how to spot them and design your own. Comment "INCENTIVES" and I'll send you the details. If you're new here, follow GeniusThinking for content on the greatest minds in economics, psychology, and history. — Kevin O'Leary ( Kevin O'Leary aka Mr. Wonderful ), chairman of O'Leary Ventures and Shark Tank investor, on Graham Stephan's ( Graham Stephan ) and Jack Selby's ( Jack Selby ) Iced Coffee Hour podcast

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How Jeffrey Epstein rose from maths nerd, to a financial fixer for elites, to the boss of blackmail: ‘If you look at Epstein’s operation, what it looks like to me is that it’s a criminal operation on a number of different levels. Epstein is an interesting case because where does he come from? Well, he doesn’t come from a wealthy family. He doesn’t come from an influential family. He was a Long Island kid who was good at mathematics…he was a kind of smart, nerdy kid who made friends by doing their math homework. You’re not popular because you’re a jock. You’re not popular necessarily because you’re that good-looking or you dance well. You’re popular because you can do other people’s math homework and get them to pass. His whole career is ingratiating himself to wealthy, powerful people. What did he do as a financial advisor? Look at it. Just stand back and look at what he did. And what he did was that he helped them dodge taxes. He also helped them hide money. He could help people discover money that had been hidden abroad. He could help them hide money. If you do one, you can do the other. And that’s how he moved as a kind of fixer and arranger into the realm of the rich and powerful. And in that process, either he or other people who were working with him found out that these people can be compromised in a number of ways. And so then you start installing cameras in your residences, in the bedrooms and the bathrooms. There’s only one reason you do that. It’s fairly simple. The only reason why you collect all of this video information on your rich and powerful friends is to potentially use it as leverage against them. You don’t have to actually use it. You simply have to make them aware that you have it and could use it.’ -Prof. Richard Spence on the latest episode of Going Underground FULL INTERVIEW:

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68,766 次观看 • 6 个月前

Jonni Skinner is a heroic young man Jonni S🦎. If you are willing to understand what Gender Affirming "Care" actually entails from what it looks like in a gender clinic here in Michigan, please listen to his experience. He was naturally effeminate and gay as a boy where he was therefore not accepted by many around him. He sought answers for the traumas he was living through. At 13 years old, he was placed on a medicalized path at the University of Michigan to attempt to change him into a girl. The doctor contended that he was not gay, he was just a girl. He was diagnosed with "tall stature" because the doctor told him if he was too tall as a girl, he would not be able to find a mate. They therefore deliberately stunted his growth as if being tall was a disease. He was 5'7 at the time. Nine years later, he is 5'8. He was diagnosed with an endocrine disorder related puberty that he did not have to be placed on puberty blockers and cross sex hormones. The doctor used fraudulent coding more than 100 times in his medical records. He was prescribed "affirming gear" where they sent him to a sex shop across the state in Wyandotte. His doctors fearmongered him and his mother saying the phrase "would you like to have a dead son, or a living daughter". They threatened to take him from his mother if she refused their malicious pharmaceutical path. His doctor ignored the ailments related to the powerful drugs he was placed on and dismissed the sexual disfunction they were causing him by saying he could seek other means of "pleasure". The doctors ultimately ghosted him in 2021 by legitimately hanging up on him and never speaking with him again. His unique ailments related to this "care" have him being turned away from doctors today. He deserves justice and actual care. We hope to aid him in that endeavor.

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110,000 次观看 • 8 个月前

The Complete Journey to (Peaceful Community) Islam.🤯 1. During the last ten nights of Ramadan, something deeply changed inside his heart. In those sacred nights, he felt a peace and clarity he could hardly explain. It was as if his soul had finally discovered the truth it had been searching for his entire life. In those quiet moments of reflection and prayer, a strong connection to Islam began to grow within him. 2. In those nights, people seek forgiveness, guidance, and closeness to Allah. In that calm and spiritual atmosphere, his heart felt transformed. On a blessed Friday, he went to the mosque and took his Shahada, declaring that there is no god but Allah and that Muhammad ﷺ is His Messenger. In that moment, he felt as if he had finally come home spiritually, and a heavy burden was lifted from his heart. 3. After embracing Islam, what touched him the most was the love and kindness of the Muslim community. He had only been living in Dubai for six months, yet the Muslims there welcomed him with open arms. People from different countries, languages, and cultures treated him like a brother. There was no judgment or discrimination—only sincerity, compassion, and love for the sake of Allah. 4. He shared that he grew up without a father, and strong guidance was something he rarely experienced. But among the Muslim community, he saw men supporting one another, guiding each other, and reminding each other to stay on the straight path. Standing in the mosque surrounded by believers from all over the world, he felt a deep sense of belonging for the first time in his life. 5. Now Dubai is not just a city for him—it feels like home. He sees this moment as the beginning of a new chapter in his life. It is a journey of faith, discipline, humility, and personal growth. He prays that Allah keeps his heart firm on this path, continues to guide him, and blesses everyone who supported him on this journey.

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Yanis Varoufakis has been explaining why Bitcoin can't work since 2009 while people who can't spell "blockchain" got rich buying it. "It's a brilliant answer to a problem we haven't discovered yet" he said in 2009. The problem was him. Smart people paralyzed by theory while stupid people solved poverty by clicking buy. Fifteen years later he's still theorizing and they're still rich. This is peak midwit energy. Reading Nakamoto's paper looking for political theory when it was just code that worked. Overthinking the sociology while underthinking the math. The Marxist professor needed Bitcoin to fit his framework. Bitcoin didn't care about his framework. "Money can't be removed from politics" he says while Bitcoin removes money from politics every ten minutes for fifteen years. "Big Finance usurped crypto" he says while kids in Nigeria trade peer-to-peer without touching a bank. He's analyzing a revolution he can't see because his theories are blocking his vision. Your economist is still explaining why Bitcoin can't work. Your cousin who bought because "number go up" will actually have a chance at retirement. The thing about smart people is that they need permission from their frameworks. Stupid people just need price to move. The cost of thinking exceeded the benefit of thought and Varoufakis thought so deep he completely missed the surface where everything actually happened. We've entered the era where the guy writing papers about why something can't work is losing to the guy who didn't read the paper but bought anyway. I love that. Intelligence is a liability and stupidity is the edge.

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